Question

Select the correct answer.
Which situation involves an annuity?
A
investing a $1,000 lump sum into an investment account
B. depositing $5,000 into a one-year CD
C. using $500 to open a savings account
D. making regular deposits of $100 into a sinking fund

Answer 1

Answer:

D makes an annuity. for annuity u have to make equal deposit regularly. so i think its D